We added UGE International (UGE.V) to the Tailwinds Select Portfolio today at a share price of $0.68.
UGE provides full-service energy solutions to commercial and industrial clients through their solutions-based approach. Named among the Top Solar Contractors by Solar Power World, they have over 280 MW of solar energy experience worldwide. The Company develops energy systems that are easy to manage and provide uninterrupted business continuity, offering customers a competitive advantage through immediate energy savings.
Trading at a low multiple of sales, UGE is in a high growth phase, making it a relatively inexpensive stock. Solar power only accounts for around 1% of US energy production and it is expected that solar will eventually account for closer to half of all energy production, setting the stage for phenomenal growth.